Plains Gp Holdings (PAGP) Tax Rate (2012 - 2026)
Plains Gp Holdings' (PAGP) quarterly Tax Rate came in at 2.4% in Q1 2026, down 585.0% year-on-year from 0.5% in Q1 2025, and down 90.48% sequentially from 25.23% in Q4 2025.
Plains Gp Holdings (PAGP) Tax Rate (2012 - 2026) Analysis & Trends
Plains Gp Holdings' Tax Rate history runs 15 years deep, the most recent figure standing at 2.4% for Q1 2026.
- In Q1 2026, Tax Rate fell 585.0% year-over-year to 2.4%; the TTM figure through Mar 2026 stood at 10.07% (down 92.0% YoY), while the FY2025 annual figure was 6.59%, down 192.0% from the prior year.
- Tax Rate came in at 2.4% for Q1 2026 at Plains Gp Holdings, down from 25.23% in the prior quarter.
- Over five years, Tax Rate peaked at 25.23% in Q4 2025 and troughed at 34.78% in Q4 2023.
- The 5-year median for Tax Rate is 8.25% (2025), against an average of 7.32%.
- The widest annual swing landed in 2023, when Tax Rate sank 4228 bps; it then soared 5145 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 7.5% in 2022, then slumped by 564 bps to 34.78% in 2023, then surged by 148 bps to 16.67% in 2024, then soared by 51 bps to 25.23% in 2025, then tumbled by 90 bps to 2.4% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 2.4% in Q1 2026, 25.23% in Q4 2025, and 6.55% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 24.82% |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 22.28% |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 1.45% |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 6.40% |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 20.27% |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 0.11% |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 24.00% |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | - |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 15.08% |
| 10 | Plains Gp Holdings | 4.81 Bn | 4.63 Bn | 977.00 Mn | 2.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.40% |
| Mar 31, 2026 | 2.40% |
| Dec 31, 2025 | 25.23% |
| Dec 31, 2025 | 25.23% |
| Sep 30, 2025 | 6.55% |
| Sep 30, 2025 | 6.55% |
| Jun 30, 2025 | 6.99% |
| Jun 30, 2025 | 6.99% |
| Mar 31, 2025 | 8.25% |
| Mar 31, 2025 | 8.25% |
| Dec 31, 2024 | 16.67% |
| Dec 31, 2024 | 16.67% |
| Sep 30, 2024 | 1.95% |
| Sep 30, 2024 | 1.95% |
| Jun 30, 2024 | 18.39% |
| Jun 30, 2024 | 18.39% |
| Mar 31, 2024 | 14.56% |
| Mar 31, 2024 | 14.56% |
| Dec 31, 2023 | -34.78% |
| Dec 31, 2023 | -34.78% |